Don't write off the US dollar just yet!

Round two of the fiscal cliff saga has once again opened the old debate and the the role of the US dollar as the currency of first reserve. Leading the way are the Chinese, suggesting that a 'de Americanised world' might be more appropriate - perhaps the yuan could be used instead? This is all seems highly unlikely and no doubt once the current situation is resolved, and it will be, the status quo will be established once again. For the foreseeable future, the US dollar remains the currency to watch, and in this weeks episode find out why and how.